Allison Transmission Holdings, Inc. (NYSE:ALSN) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 8.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 382,749 shares of the auto parts company’s stock after selling 36,410 shares during the quarter. Russell Investments Group Ltd.’s holdings in Allison Transmission were worth $22,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in ALSN. Federated Hermes Inc. increased its position in Allison Transmission by 62.5% during the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after buying an additional 307,322 shares during the period. Invesco Ltd. grew its stake in shares of Allison Transmission by 17.8% in the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock valued at $87,264,000 after purchasing an additional 222,863 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Allison Transmission by 104.0% in the 3rd quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company’s stock valued at $12,827,000 after purchasing an additional 110,722 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Allison Transmission in the 3rd quarter valued at approximately $6,332,000. Finally, ClariVest Asset Management LLC grew its stake in shares of Allison Transmission by 402,208.3% in the 3rd quarter. ClariVest Asset Management LLC now owns 96,554 shares of the auto parts company’s stock valued at $5,702,000 after purchasing an additional 96,530 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 87,843 shares of company stock worth $6,244,562. 0.93% of the stock is currently owned by insiders.

Allison Transmission Stock Performance

NYSE ALSN opened at $73.77 on Thursday. Allison Transmission Holdings, Inc. has a fifty-two week low of $45.36 and a fifty-two week high of $83.42. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 1.41 and a beta of 1.03. The business has a fifty day moving average of $78.05 and a 200-day moving average of $64.68. The company has a quick ratio of 1.94, a current ratio of 2.51 and a debt-to-equity ratio of 1.79.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. During the same period in the previous year, the firm posted $1.85 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 7.72 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a $0.25 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio is presently 13.35%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ALSN shares. Morgan Stanley started coverage on Allison Transmission in a research note on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target on the stock. The Goldman Sachs Group lifted their price target on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. Robert W. Baird boosted their target price on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Oppenheimer boosted their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. boosted their target price on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $71.71.

Allison Transmission Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.